Who can remove an appointee and revoke the power given to them related to 7 Brew?
7_Brew Franchise · 2025 FDDAnswer from 2025 FDD Document
RESOLVED, that the Chairman, the President, any Vice Chairman, any Executive Vice President, any Senior Vice President, any Vice President, any Second Vice President, the Treasurer, any Assistant Treasurer, the Corporate Secretary or any Assistant Secretary may appoint Attorneys-in-Fact and Agents to act for and on behalf of the Company and may give such appointee such authority as his or her certificate of authority may prescribe to sign with the Company's name and seal with the Company's seal bonds, recognizances, contracts of indemnity, and other writings obligatory in the nature of a bond, recognizance, or conditional undertaking, and any of said officers or the Board of Directors at any time may remove any such appointee and revoke the power given him or her; and it is
FURTHER RESOLVED, that the Chairman, the President, any Vice Chairman, any Executive Vice President, any Senior Vice President or any Vice President may delegate all or any part of the foregoing authority to one or more officers or employees of this Company, provided that each such delegation is in writing and a copy thereof is filed in the office of the Secretary; and it is
Source: Item 22 — CONTRACTS (FDD pages 82–83)
What This Means (2025 FDD)
According to 7 Brew's 2025 Franchise Disclosure Document, the power to remove an appointee and revoke their authority is vested in specific individuals and bodies within the company. The Chairman, the President, any Vice Chairman, any Executive Vice President, any Senior Vice President, any Vice President, any Second Vice President, the Treasurer, any Assistant Treasurer, the Corporate Secretary, or any Assistant Secretary can appoint Attorneys-in-Fact and Agents.
These appointed individuals are authorized to act on behalf of 7 Brew, signing documents with the company's name and seal. However, the FDD clearly states that any of the officers previously mentioned or the Board of Directors has the authority to remove any appointee and revoke the power initially granted to them.
Furthermore, the Chairman, the President, any Vice Chairman, any Executive Vice President, any Senior Vice President, or any Vice President can delegate their authority to other officers or employees within the company, provided such delegation is documented in writing and filed with the Secretary. This ensures a structured and documented approach to both the appointment and potential removal of individuals acting on behalf of the 7 Brew.